CHICAGO--(BUSINESS WIRE)--Antares Capital announced today it is serving as administrative agent and lead arranger on a senior secured credit facility to support the acquisition of Sage Payment Solutions, Inc. (SPS) by GTCR.
Headquartered in Reston, VA, SPS is a leading provider of payment processing and merchant acquiring solutions in North America.
“Once again Antares worked closely with our team to deliver an optimal financing solution,” said, Jim Bonetti, managing director for GTCR. “With each transaction, the Antares team brings a high level of customer focus and flexibility.”
“We’re pleased to support SPS management as they work closely with GTCR on this next phase of their evolution,” said Doug Koch, managing director for Antares. “From organic growth initiatives to acquisition activity, SPS is poised to expand their leadership position within the rapidly evolving integrated payments market.”
About GTCR
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $12 billion in over 200 companies. For more information, please visit www.gtcr.com.
About SPS
Sage Payment Solutions (SPS) provides business technology solutions to global small and medium sized companies, in every industry, that enables businesses to get paid, make payments and manage their money—simply and securely. SPS' comprehensive suite of products and services deliver easy to use technology for every stage of a client's lifecycle. For more than 20 years, SPS has been dedicated to the success of its clients, providing a seamless connection with, and between, business applications; offering valuable business insights that enable clients to run their businesses smarter, so they can run their businesses better. For more information, please visit us at www.sage.com/us/payment-processing.
About Antares Capital
Antares Capital is a credit manager and leading provider of financing solutions for middle-market, private equity-backed transactions. Offices are located in Atlanta, Chicago, Los Angeles, New York, Norwalk and Toronto. Antares issued more than $18 billion in financing during 2016, and was named 2017 Lender of the Year by ACG NY and 2015 Dealmakers of the Year by Mergers & Acquisitions. Visit us at www.antares.com or follow Antares Capital on Twitter at https://www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP.